Royal Mail Appoints Equitini to Manage Sales of Stake to Staff

Royal Mail Group Ltd. said it appointed Equitini Group to manage the distribution of shares in the company to its staff when it is sold.

The government has set aside 10 percent of the company for staff when Royal Mail is sold, something ministers say they want to happen this year. No decision has been made yet about how or when to sell Royal Mail, the Department for Business said.